#Gate广场五月交易分享 #比特币站稳8万关口 #Gate广场五月交易分享 Bitcoin returns to the $80k level—can ETF inflows help push it to the next step?

After Bitcoin rebounds to the key level of $80k, early holders show signs of taking profits in clusters, while spot Bitcoin ETF inflows continuously provide institutional capital to absorb market selling pressure.
After Bitcoin holds above $80k, the market is met with a clear wave of profit-taking and position unwinding.
On-chain data shows that long-term holders who have held for 2 to 3 years are accelerating their selling pace; the profit-taking volume reaches $209 million per hour. For these investors, their position returns are generally in the range of 60% to 100%.
The total net profit and loss across the entire network has risen to $1.12 billion, reaching the highest profit level since last December.
Unlike traditional stock markets—where sell-offs easily trigger panic—the crypto market treats large-scale profit-taking during an uptrend as a signal of healthy fundamentals.
Despite heavy selling pressure from hundreds of millions of dollars, Bitcoin still defends the $80k level, confirming that the market’s real buying demand is strong.
Meanwhile, the market completes a round-trip turnover of positions: high-profit holdings leave the market, while new entrants pick up near the $80k area. This reshapes the market’s overall cost basis, strengthens bottom support, and leaves short-term selling sentiment more stable.
Spot Bitcoin ETFs are the core pillar that stabilizes the market. In the first two trading days of May, net inflows into Bitcoin spot ETFs exceeded $1.1 billion, and related products under BlackRock alone absorbed more than $600 million.
At present, ETF capital shows a positive trend: the inflow cycle is extending while the outflow strength is weakening, reflecting ongoing release of institutional demand for long-term allocations.
Industry analysts say that the current scale of institutional buying is far more than 5 times the amount of new daily Bitcoin supply added by miners. Judging from historical price action, the average gain over the coming month could be significant.
The derivatives market continues to squeeze shorts. Since early February, the volume of short liquidations has reached $7.88 billion.
Even if shorts keep adding at the $80k resistance level, they are still repeatedly hit by forced liquidations, further pushing the market upward.
Market forecast data indicates a 62% probability that Bitcoin will break through $85k by the end of the month, and a 25% probability of reaching $90k.
On the macro level, Bitcoin has held up against external negatives such as the Federal Reserve policies and oil price fluctuations, showing strong resilience. However, there is still technical resistance in the $82k to $83k range and at the 200-day moving average.
Easing geopolitical tensions reduce market volatility, and the US crypto industry regulatory bill has entered the review stage. Expectations of regulatory clarity boost institutional confidence, and the industry generally believes the crypto market has entered a warming cycle.
Therefore, the long vs. short contest around the $80k level seems more like Bitcoin transitioning from a retail speculative target to an institutional allocation asset.
As long as ETF institutional buy orders continue to absorb profit-taking selling pressure, Bitcoin’s next move toward an important resistance level will have solid fundamental support.